Freddie Edges Back Into MBS Wrap Business With Large Seasoned Mortgage Securitization
May 8, 2009
Freddie Mac last month issued its first MBS wrap transaction since the middle of last year in a massive securitization of seasoned prime loans from Bank of America’s portfolio. The government-sponsored enterprise provided a wrap guarantee, T-082, for a private placement, Banc of America Funding 2009-FT1. The deal was backed by $4.71 billion of mortgages from Bank of America’s...